How does a mortgage work?
Basic Mortgage Terms in Australia Thinking about buying a home in Australia? Understanding how a mortgage works and common mortgage terms can make the process easier. Here’s a simple guide to help you with the basics. How Does a Mortgage Work? A mortgage is a loan that helps you buy a property. The lender provides […]
FAQ Mortgage Offsets
Frequently Asked Questions About Mortgage Offset Accounts 1. What is a Mortgage Offset Account? A mortgage offset account is a transaction or savings account linked to your home loan. The balance in this account offsets your mortgage principal, reducing the amount of interest you pay. Unlike a traditional savings account that earns interest, an offset […]
FAQ Negative Gearing
Negative Gearing: A Finance Broker’s Perspective Negative gearing is a common investment strategy in Australia, particularly in the property market. It refers to borrowing money to invest in an asset where the costs of owning the asset, including interest on the loan, exceed the income generated by the asset. This creates a financial loss, which […]
FAQ; Loan Application
FAQ: What Banks Look for in Your Loan Application Applying for a loan, whether for a home, investment, business, or personal use, requires careful preparation. Banks assess various factors to determine whether you meet their lending criteria. Below are some frequently asked questions (FAQs) regarding what banks specifically look for when reviewing a loan application. […]
Need car finance?
Tips and Tricks for Car Finance in Australia As a finance broker, I’m here to make car finance simple for you. Whether you’re buying your first car, upgrading, or seeking the best financing option, we can help. Get in touch today, and let’s find the perfect solution for your needs! 1. Understand Your Car Finance […]
Tips to avoid LMI
Tips to Avoid Lenders Mortgage Insurance (LMI) Lenders Mortgage Insurance (LMI) is an added cost that many homebuyers want to avoid. Here are some effective strategies to help you eliminate or reduce LMI when securing a home loan. 1. Save a Larger Deposit The most straightforward way to avoid LMI is by saving at least […]
Help with cashflow lending
Tips and Tricks for Cash Flow Lending Managing cash flow is essential for keeping your business running smoothly. If you need extra cash to cover shortfalls, cash flow lending can provide funding without requiring a lot of collateral. Here are some tips and tricks to help you make the most of cash flow lending. Tips […]
Questions about mortgages
FAQs About Mortgages in Australia: Everything You Need to Know Thinking about buying a home or investment property in Australia? If so, you’ve probably got a ton of questions about mortgages. As a finance broker, I hear these questions all the time, so I’ve put together this handy guide to help you navigate the mortgage […]
Risks of invoice finance
How to Use Invoice Finance Step 1: Determine If Invoice Finance is Right for You Invoice finance is best for businesses that: Have unpaid invoices with long payment terms (30-90 days). Need quick access to cash for operations or growth. Have customers with a strong payment history. Step 2: Choose the Right Type of Invoice […]
Tips to get mortgage fit
Tips for Improving Your Borrowing Ability Buying a home is one of the most significant financial decisions you’ll make in your lifetime. Before you start house hunting, it’s essential to take proactive steps to improve your ability to secure a mortgage with the best possible terms. As a mortgage broker, I’ve seen firsthand how small […]